CA-RESMED

ResMed to Acquire HEALTHCAREfirst, a Cloud-based Software and Services Provider for Home Health and Hospice Agencies

ResMed (NYSE:RMD, ASX:RMD), a global leader in connected healthcare
solutions, today announced it has entered into a definitive agreement to
acquire privately held HEALTHCAREfirst
, a provider of software
solutions and services for home health and hospice agencies.

HEALTHCAREfirst
offers
electronic health record (EHR)
software, billing and coding services, and advanced analytics that
enable home health and hospice agencies to optimize their clinical,
financial and administrative processes. HEALTHCAREfirst
will
complement ResMed’s existing software solutions offered by Brightree, a
wholly owned subsidiary ranked as one of the top 100 healthcare IT
companies in the United States.

“The home health and hospice segments are large and growing fast, due to
the rising prevalence of chronic conditions and an aging population
shifting to homecare and other lower-cost care settings,” said Raj
Sodhi, president of ResMed’s SaaS business. “HEALTHCAREfirst
’s
solutions suite enables ResMed to help efficiently and effectively
manage this growing population, benefiting patients, their families,
agencies and payers.

“Joining ResMed, with their purpose of changing lives with every breath,
is an exciting opportunity for our HEALTHCAREfirst
team, as our
joint mission is linked to improving quality of life for patients in
out-of-hospital healthcare,” said J. Kevin Porter, HEALTHCAREfirst
’s
president and CEO. “We believe our combined resources and investment
capabilities will make an even more impactful improvement on the patient
experience and our customers’ business outcomes at a time when they’re
under increased reimbursement and regulatory pressures.”

The transaction’s financial terms were not disclosed, but the
transaction will not be material to ResMed’s consolidated financial
results. The transaction is expected to be finalized before the end of
the first quarter of ResMed’s fiscal year 2019 (September 30, 2018),
subject to customary closing conditions, including regulatory approvals.

About ResMed

ResMed (NYSE:RMD, ASX:RMD), a world-leading connected health company
with more than 5 million cloud-connected devices for daily remote
patient monitoring, changes lives with every breath. Its award-winning
devices and software solutions help treat and manage sleep apnea,
chronic obstructive pulmonary disease and other respiratory conditions.
Its 6,000-member team strives to improve patients’ quality of life,
reduce the impact of chronic disease and save healthcare costs in more
than 120 countries. ResMed.com

About HEALTHCAREfirst

HEALTHCAREfirst
provides cloud-based technologies and services to
improve business and clinical operations for thousands home health and
hospice providers across the United States. Based in Springfield, MO,
and one of the fastest growing providers of its kind, the company
provides agency and clinical management software, outsourced revenue
cycle management services (billing, coding and OASIS Review), CAHPS
surveys, and advanced analytics, in any combination. HEALTHCAREfirst’
s
breadth of solutions offers agencies a single source to improve patient
care, create operational efficiencies, increase profitability and
simplify CMS compliance. With HEALTHCAREfirst
, agencies can focus
on patients instead of paperwork. For more information call 800.841.6095
or visit healthcarefirst.com
.